CTO 20.0% 0.4¢ citigold corporation limited

another record, page-14

  1. gmt
    8,033 Posts.
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    rocket,
    They probably will book about 5k ozs of gold this quarter given production was stopped during last quarter and they still have 150 mill shares they can place if they could find a taker probably at 5 to 6cents. They basically have one foot on a banana skin and the other in the grave IMHO and need finance badly. You can only sell equipment once to pay the bills. The next 6 months will be the most interesting.They have managed to keep this thing afloat on the smell of an oily rag for years can they continue doing it the question.

    DYOR My thoughts and ramblings only
 
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